Reliance Industries, First Indian Company to Cross Rs 9 Lack Crore Market Valuation

One of the Indian business magnates Mukesh Dhirubhai Ambani, the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL). The RIL is a Fortune Global 500 company and India’s most valuable company by its market value.

As we know, In August 2018, Reliance Industries became the first domestic firm to cross Rs 8 Lack crore in terms of market valuation. The business market capitalization figure differs every day with the movement of stock prices.

On top of that, this time RIL added another feather to it by becoming the first Indian firm to hit Rs 9 lack crore market valuation mark. During late morning trade on BSE, the RIL market capitalization was Rs 901490.09 crore.

The scrip of the country’s most-valued company was trading in the green, up 2.28% to a record Rs 1428, ahead of its earnings announcement later in the day.

According to the Bank of America Merrill Lynch, RIL can become the first Indian company to achieve a market capitalization of $200 billion in the next two years.